Prima increases investment in Sri Lanka 
[June 23, 2001]

Prima Ceylon Ltd. (PCL), a fully owned subsidiary of the Singapore based giant, will be responsible for the entire flour-milling operational chain from the purchase of wheat grain to the milling and distribution of flour with effect from June 21.

The previous contract milling agreement between the Sri Lankan Government and PCL, which was in place for the past 20 years entailed that the wheat grain was purchased at the government’s own cost and supplied to PCL only for milling.

PCL has invested US$ 65 million on the flourmill in Trincomalee in north-eastern Sri Lanka. This brings PCL to the top league as one of the largest private sector companies in the country.

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Last Updated Date: December 17, 2003 .